FTC says $2.1 billion was lost to scams last year—and many started the same way

The government has some warnings for consumers buying products on making investments on social media.

Yorkshire Building Society warns customers of 'common' scam - £1,700 average loss

One tiny slip could spiral into a brutal loss.
The Next Web

Social media scams cost Americans $2.1 billion in 2025

New FTC data show $2.1B was lost to social media scams in 2025, 8x more than 2020. Facebook generated the highest losses.